Pass the AUX cord, mate... Uber stock jumped 5% for the week on two pieces of bloody good news. First, a London court granted it an 18-month license to keep operating in its largest Euro hub (3.5M riders). Uber was on London's naughty list due to app flaws that let drivers use fake identities, but the judge now considers it "fit and proper" to keep rolling. 2nd: Uber's Freight logistics biz raised $500M at a $3.3B valuation, showing Uber can succeed outside the (complicated) world of ridehail.
Back from a deep sleep... Bed Bath & Beyond stock soared 40% last week after the retailer posted its 1st same-store sales gain since 2016. The dorm legend swung to a $218M profit after losing $139M in the same period last year. Online sales soared 89% as e-nnovation investments paid off. This year, BB&B launched: "buy online, pick up in-store," curbside pickup, and (last week) same-day shipping with Instacart and Shipt. Investors thought BB&B was declining (like Macy's) — this earnings changed the narrative.